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Gujarat Govt Unveils Special Package for Diamond Industry
Financial Express Lucknow
|May 25, 2025
The Gujarat Government announced a special package for the diamond industry under which it will pay school fees for workers' children for a year and offer interest subsidy on capital for polishing units.
Minister of state for home, Harsh Sanghavi, made the announcement in 'Diamond City' Surat, where 90% of the world's diamonds are cut and polished. The diamond industry has been hit by a slowdown due to international factors.
Under the special package, the government will pay school fees for the children of the affected diamond workers for a year. While polishing units will get exemption from electricity duty for a year, the government will offer an interest subsidy for three years on a capital of Rs 5 lakh.
Dit verhaal komt uit de May 25, 2025-editie van Financial Express Lucknow.
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